Evaluated bid price definition

Evaluated bid price means the dollar amount of a bid after bid price adjustments are made pursuant to objective measurable criteria, set forth in the invitation for bids, which affect the economy and effectiveness in the operation or use of the product, such as reliability, maintainability, useful life, and residual value.

Evaluated bid price means the price of a bid after adjustment in accordance with objective measurable criteria.

Evaluated bid price means the price quoted by each bidder in his proposal for the complete scope of work, as corrected by the Purchaser.

Examples of Evaluated bid price in a sentence

• Evaluated bid price of all bidders shall be compared among themselves to determine the lowest evaluated bid and as a result of this comparison, the lowest bid will be selected for award of contract.

• Evaluated bid price shall be based on the printing, binding and stationery work preference, and the recycled product preference, where applicable.

• Evaluated bid price pursuant to clause 26, provided further that the bidder has the capability and the resources to carry out the contract effectively.

• Evaluated bid price will be based on adding the extended prices for a total annual cost listed in the calculation of charges (Bid Sheet) (Appendix B).

• Evaluated bid price of all tenderers shall be compared among themselves to determine the lowest evaluated bid and as a result of this comparison, the lowest bid will be selected for award of contract.

More Definitions of Evaluated bid price

Evaluated bid price means the dollar amount of a bid, after bid price

Evaluated bid price means the dollar amount of a bid after bid price adjustments are made under objective measurable criteria, set forth in the Invitation for Bid, which affect the economy and effectiveness in the operation or use of the product, including the reliability, maintainability, useful life, and residual value.

Evaluated bid price means the dollar amount of a bid after price adjustments under objectively measurable criteria.

Evaluated bid price means the dollar amount of a bid after bid price

Evaluated bid price means the dollar amount of a bid after bid adjustments are made pursuant to a precise mathematical formula set forth in the invitation for bids, which measures the effective price to the city. Such formula shall take into account factors that contribute to the economy and effectiveness in the operation of a procured item, such as reliability, maintainability, useful life, and residual value.

Evaluated bid price means the price of a bid after adjustment 41

Evaluated bid price means the dollar amount of a bid after bid price adjustments are made pursuant to objective measurable criteria, set forth in the invitation for